Why the Apple Stock Price Will Go Higher Despite the Noise (AAPL)

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A crazy week for Apple Inc. (Nasdaq: AAPL) ahead of its much-anticipated iPhone 6 announcement next Tuesday took a 4.22% bite out of the Apple stock price yesterday (Wednesday).

But long-term AAPL investors need not worry, and not just because Apple stock was relatively flat in Thursday trading.

For all the commotion this week about hacked iCloud accounts, new products from rival Samsung, and negative comments from several Wall Street analysts, the fundamental reasons that the Apple stock price will continue to rise have not changed.

When you take a closer look at the Apple news that everyone has been obsessing over this week, it quickly becomes obvious that these events are not that big of a deal and their impact on the AAPL stock price will be short-lived.

Three Overhyped Apple Stock "Threats" to Ignore

The Samsung Threat: In an attempt to steal Apple's thunder, Samsung had its own product unveiling event yesterday. But the South Korean electronics giant did not particularly wow anyone; most of the new products are nice upgrades, but not much more. That means nothing Samsung introduced yesterday is likely to change the Apple-Samsung dynamic, which of late has started to swing in Apple's favor. The company also declined to announce prices, or even when most of these new products will be available – meaning Samsung likely just wanted to grab some media attention but poses no real threat to Apple.

The iCloud Scandal: The theft and public posting of dozens of nude photos of such actresses as Jennifer Lawrence and Kate Upton – images that were stolen from the celebrities' iCloud accounts – had many wondering if consumers (and investors) would lose their faith in AAPL. As bad as the theft is, however, it was not a system breach of the type suffered by Target Corp. (NYSE: TGT) last fall. The hackers tracked down their victims' Apple IDs and then used the "forgotten password" function, using personal information they found on the Internet to answer the security questions. Even that took months, according the hackers. Apple already has put a limit on the number of password guesses customers can make, and more security measures are likely to come as a result of the incident. Simply put, it's a fixable problem – and Apple is fixing it.

Apple Bears Growling: Finally, a bearish note from Andy Hargreaves of Pacific Capital Wednesday morning urging investors to sell AAPL stock may also have precipitated the sudden drop in the Apple stock price yesterday. Hargreaves also said he might downgrade the stock after the September event. Other analysts, such as Brian Kelly of Brian Kelly Capital, chimed in with predictions that the Apple stock price would soon plunge to $80. But these are merely the opinions of a vocal minority.

It's just as easy to get caught up in negative Apple hype as it is to get caught up in positive Apple hype – the historic volatility of Apple stock is testament to that.

But taking a step back and looking at the totality of Apple's business shows that the tech giant is poised for another growth spurt that will dramatically increase its revenue and profits over the next few years.

In fact, given the trajectory of its current businesses, as well as the additive punch of several new areas Apple will soon enter, a market cap of $1 trillion by 2018 is a very attainable target.

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